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oil production

17 Mar
Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions.
10 Mar
The Chief Technical Officer of Huawei for South Africa, Matamela Aubrey Mashau, has said cutting-edge technology and Artificial Intelligence (AI) can help Nigeria and other oil and gas producing nations around the world increase oil production, efficiently manage energy transition and rapidly recover from the economic impact of the COVID-19 pandemic.
8 Feb
Total Energies and its partners have announced the start of production from the Akpo West field on the PML2 license in Nigeria.
17 Jan
Niger State is poised to become a major agricultural powerhouse in Nigeria, thanks to a $25 million expansion strategy unveiled by the PJS Group for 2024. This ambitious plan builds upon the group's existing investments in the state, which have already significantly boosted the local economy and created numerous jobs. Governor Umaru Bago's Food Security…
12 Jan
Movement for the Survival of Ogoni People (MOSOP) has said that the commencement of oil production in Ogoni would trigger its development proposals that require commitment to invest proportion of resources extracted from the land into infrastructure development.
21 Nov
Nigeria and other oil and gas-producing countries in Africa may face serious economic problems in 2024 as the African Energy Chamber (AEC) projects a drastic reduction in the continent’s crude oil production.
31 Oct
Nigeria’s wobbling oil production could get better if moves by oil operators, especially in the upstream segment, in collaboration with the National Assembly, yield results.
14 Oct
Although Nigeria’s oil production remains dismal at 1.3 million barrels per day amidst theft and vandalism, Nigerian Upstream Regulatory Commission (NUPRC), yesterday, said the production would hit two million barrels by the end of this year.
30 Aug 2023
Although about $490 billion is being invested this year to boost crude oil production and plug the supply gap, there are indications that supply shortfall may persist.
17 Aug 2023
To reduce the pressure of foreign exchange (FX) and other economic challenges associated with it, the Nigeria Employers' Consultative Association (NECA) has urged the Federal Government, as a matter of urgency, to ramp up the production of crude oil to, at least, Organisation of the Petroleum Exporting Countries (OPEC)’ the 1.8 million barrel per day quota.
14 Jun 2023
Nigeria’s oil production edged slightly, last month, to regain its leading position in Africa, while, yesterday, the Organisation of Petroleum Exporting Countries (OPEC) pegged the country’s oil production in May at 1.2 million barrels.

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The students of Children International Junior and Senior School (CIS), Lekki, recently performed at the Council of British International Schools (COBIS) Music Festival 2024 in Bahrain.
1 day ago
Nigerian banks have 24 months to recapitalise their capital base to at least N500 billion international authorisation capitalisation to continue operations in the country, the Central Bank of Nigeria (CBN) has said. This comes after the apex bank urged Nigerian banks to expedite action on the recapitalisation of their capital base to strengthen the financial…
1 day ago
President Bola Ahmed Tinubu has approved the appointment of Dr. Abdullahi Usman Bello as the Chairman of the Code of Conduct Bureau (CCB), pending confirmation by the Nigerian Senate. Presidential spokesman, Ajuri Ngelale, confirmed Tinubu's approval of Bello's appointment in a statement on X on Thursday. According to the Ngelale, Dr. Bello is a consummate…
1 day ago
Hoodlums attacked and set on fire the Neni Divisional Police station in Anaocha Local Government Area of Anambra State. It was gathered that the hoodlums numbering about 30 stormed the area at about 2am on Thursday and destroyed several buildings. READ ALSO: First phase of Lagos-Calabar Highway to be completed in three years – FG…
1 day ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) has affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees. Dispelling rumors of a reversal in the dissolution of the former management under Dr Tinuade Sanda, Mr. Dere Otubu,…
1 day ago
The Federal Government said the first phase of the Lagos-Calabar highway will be completed within the next three years. This was disclosed on Thursday in a statement by Ben Bem Goong who is the spokesman to the Minister of Works, Engr. David Umahi. Goong made this announcement following Umahi's inspection of the Lagos-Calabar coaster highway…
1 day ago
Nigeria has been left in darkness as the national electricity grid controlled from Osogbo, Osun State collapsed at about 4:30pm on Thursday. Most distribution companies across the country disclosed that their feeders were out leaving their franchises area across the 36 states in darkness. While the grid output was 2984 megawatts as at 4pm, the…
1 day ago
An Ikeja High Court on Thursday issued a bench warrant against the former employee of Punch Nigeria Ltd., Olusegun Ogunbanjo, and others charged with N950 million fraud.
1 day ago
An Ikeja Sexual Offences and Domestic Violence Court on Thursday discharged and acquitted a 23-year-old student, Victory Tasie, charged with defiling his girlfriend.
1 day ago
Persons familiar with the antecedents of Senator Uba Sani, the Governor of Kaduna State, readily attest to the fact that he is hardly ever deterred by challenges or adversities, no matter how daunting. Stories abound of his daring exploits as a young civil and human rights activist when successive military juntas held sway in Nigeria.…